Posts in category Business Standard
IREDA fixes price band at Rs 30-32 per share for Rs 2,150 crore IPO (16-11-2023)
Indian Renewable Energy Development Agency Ltd (IREDA) on Thursday fixed the price band for its up to Rs 2,150.21 crore Initial Public Offering (IPO) at Rs 30-32 per equity share, the company said here on Thursday.
The company's maiden IPO will open for the public on November 21 for subscription and close on November 23, it said.
Investors can bid for a minimum of 460 equity shares and in multiples of 460 equity shares thereafter, it said.
The public issue of face value of Rs 10 per equity share comprises fresh issuance of equity shares up to 403.16 million and an Offer for Sale (OFS) of up to 268.78 million shares aggregating to up to 671.94 million equity shares, the government-owned company said.
The company is into promoting, developing and extending financial assistance for new and renewable energy projects, and energy efficiency and conservation projects, offering a comprehensive range of financial products and related services, from project conceptualisation to ...
Markets extend gains, IT stocks dazzle; Sensex ends 306 points higher (16-11-2023)
Equity markets are rising after a soft inflation reading in the US and UK this week
Tata Consultancy Services gains after setting buyback record date (16-11-2023)
The company has set a buyback price of Rs 4,150, nearly 19 per cent higher than the last close
Sebi board to discuss changes on delisting at next meeting, says Buch (16-11-2023)
Sebi chairperson Madhabi Puri Buch on Thursday said the markets regulator's board will be discussing potential changes on delisting at its next meeting.
Addressing an event organised by industry body Ficci, Buch said the Sebi management will also table changes on insider trading norms before the board either in December or January.
"There was a popular belief that we will never review the delisting regulations and we will always stay with the reverse book building process. We have a consultation paper that was floated, we have got a lot of feedback and at the next board meeting we are taking that proposal to our board," Buch said.
Similarly, she said it was widely believed that Sebi is "very dogmatic about insider trading" but the regulator has initiated a relook into the same by initiating consultation.
All these are part of efforts to "eschew dogma", Buch said, adding that Sebi is focusing on data and backtesting the data to drive regulations. She said the regulator is fine delay
TCS surges 4%; sets Nov 25 as record date for Rs 17,000-crore buyback issue (16-11-2023)
The company will buy back up to 40.9 million shares for Rs 4,150 apiece through the tender offer route
Welspun Corp scales new peak on future growth plans; up 200% in 9 months (16-11-2023)
So far in November alone, the stock has rallied 29 per cent as against around 3 per cent gain on the Sensex.
Bajaj Fin falls 4% as RBI bars lending under eCOM, Insta EMI Card schemes (16-11-2023)
Bajaj Finance stated that it is already issuing key fact statements (KFS) for the loans booked under the two lending products
Tata Technologies IPO opens Nov 22, price band set at Rs 475-500 per share (16-11-2023)
The maiden public issue will open for public subscription on November 22 and conclude on November 24. The anchor book of the offer will be opened for a day on November 21
Tata Technologies sets Rs 475-500 as price band for Rs 3,043-crore IPO (16-11-2023)
According to reports, the price is about about 47 per cent lower than its price in the unlisted market where the stock currently trades at Rs 950 per share
Gold steadies amid firm dollar, countering expectations on peak US rates (16-11-2023)
The market was certain the U.S. central bank will leave rates unchanged in December, with most traders eyeing rate cuts from May 2024.